The two journalists of Zee News channel, who were arrested by the police for trying to extort Rs 100 crore from Congress MP and industrialist Naveen Jindal, will appeal for bail on Saturday at a Delhi court.

The two journalists are facing accusations of trying to extort the money by manipulating the media reports relating to coal block allocation scam in the country. The court had sent Sudhir Chaudhary, head of Zee News, and Samir Ahluwalia, head of Zee Business to 14-day judicial custody.

The two senior journalists were arrested on Tuesday following the filing of a complaint by Jindal's company Jindal Steel and Power Limited (JSPL) more than a month ago. Zee Network said that the arrest of the journalists was illegal. It said that the arrests is an attempt by the government to put pressure on the media in the country.

"After 65 years of independence, the present Congress-led government is pushing the media to not speak the truth and to gag it. It is practically the Emergency revisited in India on November 27, 2012, a day that will also be known as a black day in Indian history," the media group said in a statement.

He accused that eh arrests are to create sensation in the issue and move the attention away from coal scam and in particular to favour Naveen Jindal, Congress MP, and JSPL.